Auxier Asset Management decreased its stake in shares of Dr Pepper Snapple Group Inc. (NYSE:DPS) by 61.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,088 shares of the company’s stock after selling 40,045 shares during the period. Auxier Asset Management’s holdings in Dr Pepper Snapple Group were worth $3,061,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Berkley W R Corp acquired a new stake in shares of Dr Pepper Snapple Group in the second quarter worth $2,979,000. Signaturefd LLC increased its position in shares of Dr Pepper Snapple Group by 35.8% in the second quarter. Signaturefd LLC now owns 3,499 shares of the company’s stock worth $427,000 after acquiring an additional 922 shares in the last quarter. Paloma Partners Management Co acquired a new stake in shares of Dr Pepper Snapple Group in the second quarter worth $235,000. Bank of America Corp DE increased its position in shares of Dr Pepper Snapple Group by 42.3% in the second quarter. Bank of America Corp DE now owns 3,707,819 shares of the company’s stock worth $452,354,000 after acquiring an additional 1,102,686 shares in the last quarter. Finally, Morgan Stanley increased its position in shares of Dr Pepper Snapple Group by 28.2% in the second quarter. Morgan Stanley now owns 3,860,995 shares of the company’s stock worth $471,039,000 after acquiring an additional 849,276 shares in the last quarter. 92.67% of the stock is owned by hedge funds and other institutional investors.
Dr Pepper Snapple Group stock opened at $123.66 on Friday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.62 and a current ratio of 0.77. Dr Pepper Snapple Group Inc. has a 1 year low of $83.23 and a 1 year high of $126.65. The stock has a market capitalization of $22.29 billion, a PE ratio of 27.24, a price-to-earnings-growth ratio of 2.29 and a beta of 0.76.
Several equities research analysts have recently issued reports on DPS shares. Stephens reissued a “buy” rating on shares of Dr Pepper Snapple Group in a research report on Tuesday, July 10th. Stifel Nicolaus downgraded shares of Dr Pepper Snapple Group from a “buy” rating to a “hold” rating and set a $122.00 price objective on the stock. in a research note on Monday, June 18th. Finally, Zacks Investment Research downgraded shares of Dr Pepper Snapple Group from a “hold” rating to a “sell” rating in a research report on Tuesday, June 26th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $118.85.
About Dr Pepper Snapple Group
Dr Pepper Snapple Group, Inc manufactures and distributes non-alcoholic beverages in the United States, Mexico and the Caribbean, and Canada. The company operates through three segments: Beverage Concentrates, Packaged Beverages, and Latin America Beverages. It offers flavored carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs), including ready-to-drink teas, juices, juice drinks, mineral and coconut water, and mixers, as well as manufactures and sells Mott's apple sauces.
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